F5 SyllandSG 2017-18 - ACCA Global

Performance Management

(F5)

September 2017 to June

2018

This syllabus and study guide is designed to help

with planning study and to provide detailed

information on what could be assessed in

any examination session.

THE STRUCTURE OF THE SYLLABUS AND

STUDY GUIDE

Relational diagram of paper with other papers

This diagram shows direct and indirect links

between this paper and other papers preceding or

following it. Some papers are directly underpinned

by other papers such as Advanced Performance

Management by Performance Management. These

links are shown as solid line arrows. Other papers

only have indirect relationships with each other

such as links existing between the accounting and

auditing papers. The links between these are shown

as dotted line arrows. This diagram indicates where

you are expected to have underpinning knowledge

and where it would be useful to review previous

learning before undertaking study.

Overall aim of the syllabus

This explains briefly the overall objective of the

paper and indicates in the broadest sense the

capabilities to be developed within the paper.

Main capabilities

This paper¡¯s aim is broken down into several main

capabilities which divide the syllabus and study

guide into discrete sections.

Relational diagram of the main capabilities

This diagram illustrates the flows and links between

the main capabilities (sections) of the syllabus and

should be used as an aid to planning teaching and

learning in a structured way.

Syllabus rationale

This is a narrative explaining how the syllabus is

structured and how the main capabilities are linked.

The rationale also explains in further detail what the

examination intends to assess and why.

Detailed syllabus

This shows the breakdown of the main capabilities

(sections) of the syllabus into subject areas. This is

the blueprint for the detailed study guide.

Approach to examining the syllabus

This section briefly explains the structure of the

examination and how it is assessed.

Study Guide

This is the main document that students, learning

and content providers should use as the basis of

their studies, instruction and materials.

Examinations will be based on the detail of the

study guide which comprehensively identifies what

could be assessed in any examination session.

The study guide is a precise reflection and

breakdown of the syllabus. It is divided into sections

based on the main capabilities identified in the

syllabus. These sections are divided into subject

areas which relate to the sub-capabilities included

in the detailed syllabus. Subject areas are broken

down into sub-headings which describe the detailed

outcomes that could be assessed in examinations.

These outcomes are described using verbs

indicating what exams may require students to

demonstrate, and the broad intellectual level at

which these may need to be demonstrated

(*see intellectual levels below).

INTELLECTUAL LEVELS

The syllabus is designed to progressively broaden

and deepen the knowledge, skills and professional

values demonstrated by the student on their way

through the qualification.

The specific capabilities within the detailed

syllabuses and study guides are assessed at one of

three intellectual or cognitive levels:

Level 1: Knowledge and comprehension

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Level 2: Application and analysis

Level 3: Synthesis and evaluation

the subject and how these areas have been broken

down.

Very broadly, these intellectual levels relate to the

three cognitive levels at which the Knowledge

module, the Skills module and the Professional level

are assessed.

GUIDE TO EXAM STRUCTURE

Each subject area in the detailed study guide

included in this document is given a 1, 2, or

3 superscript, denoting intellectual level, marked at

the end of each relevant line. This gives an

indication of the intellectual depth at which an area

could be assessed within the examination. However,

while level 1 broadly equates with the Knowledge

module, level 2 equates to the Skills module and

level 3 to the Professional level, some lower level

skills can continue to be assessed as the student

progresses through each module and level. This

reflects that at each stage of study there will be a

requirement to broaden, as well as deepen

capabilities. It is also possible that occasionally

some higher level capabilities may be assessed at

lower levels.

The Fundamentals level examinations contain

100% compulsory questions to encourage

candidates to study across the breadth of each

syllabus.

LEARNING HOURS AND EDUCATION

RECOGNITION

The ACCA qualification does not prescribe or

recommend any particular number of learning hours

for examinations because study and learning

patterns and styles vary greatly between people and

organisations. This also recognises the wide

diversity of personal, professional and educational

circumstances in which ACCA students find

themselves.

As a member of the International Federation of

Accountants, ACCA seeks to enhance the education

recognition of its qualification on both national and

international education frameworks, and with

educational authorities and partners globally. In

doing so, ACCA aims to ensure that its qualifications

are recognized and valued by governments,

regulatory authorities and employers across all

sectors. To this end, ACCA qualifications are

currently recognized on the education frameworks in

several countries. Please refer to your national

education framework regulator for further

information.

Each syllabus contains between 23 and 35 main

subject area headings depending on the nature of

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The structure of examinations varies within and

between modules and levels.

The Knowledge module is assessed by equivalent

two-hour paper based and computer based

examinations.

The Corporate and Business Law (F4)

paper is a two- hour objective test examination

which is also available as a computer based exams

for English and Global variants, as well as paper

based for all variants.

The skills module examinations F5-F9 contain a mix

of objectives and longer type questions with a

duration of three hours for 100 marks.* These are

available as computer-based and paper-based

exams. In the computer-based exams there may be

instances where we have extra content for the

purposes of ongoing quality assurance and security.

* For paper-based exams there is an extra 15

minutes to reflect the manual effort required.

The Professional level papers are all of three hours

15 minutes duration and, all contain two

sections. Section A is compulsory, but there will be

some choice offered in Section B.

ACCA has removed the restriction relating to reading

and planning time, so that while the time

considered necessary to complete these exams

remains at 3 hours, candidates may use the

additional 15 minutes as they choose. ACCA

encourages students to take time to read questions

carefully and to plan answers but once the exam

time has started, there are no additional restrictions

as to when candidates may start writing in their

answer books.

Time should be taken to ensure that all the

information and exam requirements are properly

read and understood.

GUIDE TO EXAMINATION ASSESSMENT

The Essentials module papers all have a Section A

containing a major case study question with all

requirements totalling 50 marks relating to this

case. Section B gives students a choice of two from

three 25 mark questions.

Section A of both the P4 and P5 Options papers

contain one 50 mark compulsory question, and

Section B will offer a choice of two from three

questions each worth 25 marks each.

Section A of each of the P6 and P7 Options papers

contains 60 compulsory marks from two questions;

question 1 attracting 35 marks, and question 2

attracting 25 marks. Section B of both these

Options papers will offer a choice of two from three

questions, with each question attracting 20 marks.

All Professional level exams contain four

professional marks.

The pass mark for all ACCA Qualification

examination papers is 50%.

ACCA reserves the right to examine anything

contained within the study guide at any examination

session. This includes knowledge, techniques,

principles, theories, and concepts as specified.

For the financial accounting, audit and assurance,

law and tax papers except where indicated

otherwise, ACCA will publish examinable

documents once a year to indicate exactly

what regulations and legislation could potentially be

assessed within identified examination sessions..

For paper based examinations regulation issued or

legislation passed on or before 31st August annually,

will be examinable from 1st September of the

following year to 31st August t of the year after that.

Please refer to the examinable documents for the

paper (where relevant) for further information.

Regulation issued or legislation passed in

accordance with the above dates may be

examinable even if the effective date is in the future.

The term issued or passed relates to when

regulation or legislation has been formally approved.

The term effective relates to when regulation or

legislation must be applied to an entity transactions

and business practices.

The study guide offers more detailed guidance on

the depth and level at which the examinable

documents will be examined. The study guide

should therefore be read in conjunction with the

examinable documents list.

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Syllabus

MAIN CAPABILITIES

On successful completion of this paper, candidates

should be able to:

BA (P3)

APM (P5)

A

Explain and apply cost accounting techniques

B

Select and appropriately apply

decision-making techniques to facilitate

business decisions and promote efficient and

effective use of scarce business resources,

appreciating the risks and uncertainty inherent

in business and controlling those risks

C

Identify and apply appropriate budgeting

techniques and methods for planning and

control and use standard costing systems to

measure and control business performance and

to identify remedial action

D

Identify and discuss performance

management information and measurement

systems and assess the performance of

an organisation from both a financial and nonfinancial viewpoint, appreciating the problems

of controlling divisionalised businesses and

the importance of allowing for external

aspects

PM (F5)

F2/FMA

AIM

To develop knowledge and skills in the application

of management accounting techniques to

quantitative and qualitative information for planning,

decision-making, performance evaluation, and

control

RELATIONAL DIAGRAM OF MAIN CAPABILITIES

Specialist cost and

management accounting

techniques (A)

Decision-making

techniques (B)

Budgeting and control (C)

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Performance

management and

control (D)

RATIONALE

The syllabus for Paper F5, Performance

Management, builds on the knowledge gained in

Paper F2, Management Accounting. and seek to

examine candidates¡¯ understanding of how to

manage the performance of a business. It also

prepares candidates for more specialist capabilities

which are covered in P5 Advanced Performance

Management.

The syllabus begins by introducing more specialised

management accounting topics. There is some

knowledge assumed from Paper F2 ¨C primarily

overhead treatments. The objective here is to

ensure candidates have a broader background in

management accounting techniques.

systems can be used to facilitate this. They should

appreciate the importance of both financial and

non-financial performance measures in

management. Accountants should also appreciate

the difficulties in assessing performance in

divisionalised businesses and the problems caused

by failing to consider external influences on

performance. This section leads directly to Paper

P5.

All of the subject areas covered in this syllabus

could be examined in either a public sector or

private sector context.

The syllabus then considers decision-making.

Candidates need to appreciate the problems

surrounding scarce resource, pricing and

make-or-buy decisions, and how this relates to the

assessment of performance. Risk and uncertainty

are a factor of real-life decisions and candidates

need to understand risk and be able to apply some

basic methods to help resolve the risks inherent in

decision-making.

Budgeting is an important aspect of many

accountants¡¯ lives. The syllabus explores different

budgeting techniques and the problems inherent in

them. The behavioural aspects of budgeting are

important for accountants to understand, and the

syllabus includes consideration of the way

individuals react to a budget. The preparation of

fixed, flexible and incremental budgets is assumed

knowledge from F2.

Standard costing and variances are then built on.

All the variances examined in Paper F2 are

assumed knowledge in F5. Mix and yield variances,

and planning and operational variances are explored

here and the link is made to performance

management. It is important for accountants to be

able to interpret the numbers that they calculate

and ask what they mean in the context of

performance.

The syllabus concludes with performance

management systems, measurement and control.

This is a major area of the syllabus. Accountants

need to understand how a business should be

managed and controlled and how information

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